The Semiconductor Supercycle Is Masking the True State of the Economy.

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Warnings are being raised in academia regarding the government's recent moves to aggressively loosen fiscal spending, relying on the expectation of increased tax revenues driven by the semiconductor boom. The argument is that the semiconductor boom, increased exports, and the resulting rise in growth rates are obscuring the true reality of the rapidly increasing national debt ratio. At a forum hosted by the Nam Duck-woo Memorial Foundation at So…